Land Transfer Taxes

Land Transfer Taxes

How much will I owe in Land Transfer Taxes?

Ontario has a multi-tiered taxation system which can be complicated. In Ontario, all purchasers pay land transfer tax, however for first time buyers, this cost can be reduced by a maximum of $2000 on closing.

Current land transfer taxes depend on the purchase price of the home. Depending on where you live, taxes can range from .5% to 2% of the total value of the property. See this list below for land transfer tax information in Ontario.